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20110731
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
ceiling. here is senator jon kyl's take on where things on. >> three months ago the president insisted on a clean debt ceiling extension. clearly we will have a significant amount of spending reductions in this proposal. the second thing was he insisted on revenues as he called them. tax increases. there will not be tax increases in this proposal. >> bottom line, the most liberal members are not going to be happy with the details they hear. some of the tea party folks will not be happy with the details they hear but they are trying to find a compromise and obviously the clock is ticking. >> shannon: thank you very much. what does happen if the nation fails to raise the debt ceiling by the deadline on tuesday? nobody really knows for sure. most experts agree the country may not have enough money to pay all of its bills and that means $23 billion of social security checks set to go out on wednesday could be in jeopardy. bondholders will still get paid but that will come at the expense of unemployment, medicaid and defense spending. and you are looking live at the senate floor. a cloture
potential spending cuts, potentially tax changes, as well. when you have republican leaders like jon kyl the arizona senator on fox news sunday, look, this is not going to end up with any major tax changes, tax rates are not going up, saying that. it's making people on the left feel like this is pre-cooked and it's going to be a lot of spending cuts and no real tax changes. as you know, the beginning of this week, we started last monday, president obama's whole message this was going to be a balanced approach, taxes as well as spending cuts. >> neil: i do know this, since you arrived at fox, we have a constitutional crisis, financial crisis but thank you very much. [ laughter ] >> neil: great reporting throughout. ed henry. >> we've been takes about election among progressive caucus members. they are pretty much against the deal right now. we don't know the deal as it stands right now but there is some factions on the right, some tea party members also having concerns about a compromise they could be maybe overcompromise. we start with congresswoman republican from the state of washingto
alluded to looking at this field that is coming together over the next several days. jon kyl rarely does anything by mistake, the republican of arizona, number two in the senate. he rarely ever utters a word by mistake. but accident. so i think that was pretty telling. it would be easy enough for them to extent the debt limit for a couple of days to buy them some time. they have always said they would do it if they knew they were close to a deal coming together. >> jenna: so what does this look like? being that you have been able to walk the halls there in congress, and see what the work is like being done. so what is actually happening behind closed doors right now? are they writing up a bill? is something starting from scratch? are they amending something already out there? what needs to be done before it could even start its way through congress, whatever path that is? >> remember, they have been doing this in one shape or another for almost a year now, believe it or not. they have a menu, what aides will describe often as a menu of options. and there is nothing that is really going t
Search Results 0 to 5 of about 6 (some duplicates have been removed)